GBPJPY Pull Back long

FX:GBPJPY   British Pound / Japanese Yen
looking to catch a pull back on the GBP entry point triggered at 169.657 SL at 169.000

Proft target at 170.759 still below the 50 EMA which is in line with the daily downward trend.

My previous idea of a trend reversal wasn't triggered yesterday - so looking to stay with the long term trend at the moment until I see stronger reversal signals on the daily charts .

However, this might turn out to be a good little pull back. To be determined...
Jan 14
Trade closed: stop reached: Disappointing I was trying to run too much of a tight SL.

Should have left a bit of breathing room with a smarter SL - I was trying to squeeze a higher PIP price.

Lesson learned is to not to ruin potentially good trade by focusing on the end $$. Keep focused on the price action and pivot points.

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